Shutterstock Expands Partnership Alongside Openai
Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offer high-character content in addition to total-service creative workflow solutions for transformative brands, digital media in addition to marketing companies, today announced the expansion of its partnership amongst OpenAI, a pioneer inward artificial word. Through a new six-yr understanding, Shutterstock is ready to solidify its position every bit a leading provider of high-character training information for OpenAI models, propelling transformative capabilities for brands, digital media, too marketing companies.
As office of this expanded collaboration, OpenAI has secured a license for access to additional Shutterstock preparation data including Shutterstock'second image, video as well as music libraries in addition to associated metadata. Shutterstock as well gains priority access to the latest OpenAI applied science as well as volition go on to leverage DALL·eastward'second groundbreaking generative text-to-icon capabilities direct into the shutterstock.com platform. In improver to text-to-icon generation, the integration volition too render Shutterstock customers with synthetic editing capabilities, allowing them to not just make new content, but besides to only edit in addition to transform whatsoever icon in the entire Shutterstock library to accelerate ideation too production. Shutterstock as well as OpenAI will operate in collaboration to convey generative AI capabilities to mobile users through Shutterstock's newly acquired GIPHY platform.
This partnership expansion is the latest inward several strategic steps Shutterstock has taken equally one of the leading innovators bringing AI advancements to the creative manufacture. Earlier this yr, the companionship launched its AI Image Generator, a DALL·due east-powered groundbreaking tool that empowers users to instantly create customized visuals. Shutterstock was besides the start to introduce a Contributor Fund, its pioneering initiative that to appointment has compensated hundreds of thousands of artists for the role their content IP has played inward grooming Shutterstock'second generative engineering science also equally to compensate them alongside ongoing royalties tied to licensing activity for newly generated assets.
In addition to OpenAI, Shutterstock has collaborated with industry leaders such equally NVIDIA, Meta, LG in addition to others to prepare foundational generative AI tools in addition to standards for creators across 3D, images together with text. Shutterstock'sec high-lineament content library, enriched alongside vast metadata, leads the industry in size, variety and annotation—making it unrivaled for training AI capabilities.
SOURCE Shutterstock, Inc.
As office of this expanded collaboration, OpenAI has secured a license for access to additional Shutterstock preparation data including Shutterstock'second image, video as well as music libraries in addition to associated metadata. Shutterstock as well gains priority access to the latest OpenAI applied science as well as volition go on to leverage DALL·eastward'second groundbreaking generative text-to-icon capabilities direct into the shutterstock.com platform. In improver to text-to-icon generation, the integration volition too render Shutterstock customers with synthetic editing capabilities, allowing them to not just make new content, but besides to only edit in addition to transform whatsoever icon in the entire Shutterstock library to accelerate ideation too production. Shutterstock as well as OpenAI will operate in collaboration to convey generative AI capabilities to mobile users through Shutterstock's newly acquired GIPHY platform.
"The renewal in addition to meaning expansion of our strategic partnership amongst OpenAI reinforces Shutterstock's commitment to driving AI tech conception and positions us equally the information and distribution partner of choice for manufacture leaders in generative AI," said Paul Hennessy, CEO of Shutterstock.
Brad Lightcap, COO of OpenAI, added, "We're pleased to be able to license Shutterstock'second high-character content library. This extended collaboration not solely enhances the capabilities of our ikon models but also empowers brands, digital media, as well as marketing companies to unlock transformative possibilities in content creation as well as ideation. We look forrad to bringing the adjacent generation of generative AI capabilities to Shutterstock in addition to GIPHY's vast user base, farther revolutionizing the mode people express themselves through visual media."
This partnership expansion is the latest inward several strategic steps Shutterstock has taken equally one of the leading innovators bringing AI advancements to the creative manufacture. Earlier this yr, the companionship launched its AI Image Generator, a DALL·due east-powered groundbreaking tool that empowers users to instantly create customized visuals. Shutterstock was besides the start to introduce a Contributor Fund, its pioneering initiative that to appointment has compensated hundreds of thousands of artists for the role their content IP has played inward grooming Shutterstock'second generative engineering science also equally to compensate them alongside ongoing royalties tied to licensing activity for newly generated assets.
In addition to OpenAI, Shutterstock has collaborated with industry leaders such equally NVIDIA, Meta, LG in addition to others to prepare foundational generative AI tools in addition to standards for creators across 3D, images together with text. Shutterstock'sec high-lineament content library, enriched alongside vast metadata, leads the industry in size, variety and annotation—making it unrivaled for training AI capabilities.
SOURCE Shutterstock, Inc.
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